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Could I get the answers and explanations for the 4 parts that are wrong? AA 17-2 Comparative Analysis LO C1, P2 Key figures for Apple
Could I get the answers and explanations for the 4 parts that are wrong?
AA 17-2 Comparative Analysis LO C1, P2 Key figures for Apple and Google follow. $ millions Cash and equivalents Accounts receivable, net Inventories Retained earnings Cost of sales Revenues Total assets Apple $ 48, 844 22,926 4,106 45,898 161, 782 260, 174 338,516 Google $ 18, 498 25, 326 999 152,122 71,896 161,857 275,909 Required: 1. Compute common-size percents for each company using the data given. 2. If Google paid a dividend, would retained earnings as a percent of total assets increase or decrease? 3. Which company has the better gross margin ratio on sales? Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Compute common-size percents for each company using the data given. (Input all the values as positive numbers. Enter your answers in millions. Round your percentage answers to 1 decimal place.) Apple % 14.4 6.8 Google 6.7 % 9.2 % 0.4 % $ millions Cash and equivalents Accounts receivable, net Inventories Retained earnings Cost of sales % OOO 1.2 % $ 48,844 $ 22,926 $ 4,106 $ 45,898 $ 161,782 $ 260,174 $ 338,516 55.1 13.6 % 47.8 % % 76.9 X % 100.0 % % $ 18,498 $ 25,326 $ 999 $ 152,122 $ 71,896 $ 161,857 $ 275,909 Revenues 26.1 % % 58.7 % % 100.0 % Total assetsStep by Step Solution
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